2012-09-30
2012-10-08
x barack obama

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. >> you have been president for four years. he said he would cut the deficit in half. we still have trillion-dollar deficits. if you are reelected, we will get to a trillion-dollar debt. you have said you will cut the deficit in half. you find $4 trillion in cuts. we still show trillion-dollar deficits every year. that does not get the job done. why is it that i do not want to raise taxes? i do not want to raise taxes on people. in 2010, he said he would extend the tax policies we have now and not raise taxes because when the economy is going slow like this, you should not raise taxes on anyone. the economy is still going slow. it is growing more slowly now than when he made that statement. if he believed the same thing -- the reality is it is not just wealthy people. it is not just donald trump you are taxing. it is the people that employ one-quarter of the workers that are taxed as individuals. you raise taxes and kill jobs. that is why the national federation of independent businesses said your plan will kill 7000 jobs. >> let's stay on the tax system for a moment. to reduce the

? >> i would have to just say what the president said four years ago, if he could not cut the deficit in half, he does not deserve to run again. i don't have anything against him, but a lot of people called up and said the narrator ann romney grandstanded. i don't think he has the passion he does because he is under a lot of pressure. he has painted himself into a corner. >> this is from joshua, texas, on the independent line. >> i was watching the debate tonight and just looking at the body language on these guys. they keep avoiding the real issues. >> such as? >> they keep talking about the middle class, but their definition of the middle classes people that make over $40,000, for the most part. what about the people who make $20,000 or less? a lot of people don't make that much money. >> beat you learn anything tonight? >> no sir >> eric is saying she was not moved at all by this debate. this is steve joins us on our democrats line. >> i watched the debate for a second time tonight, and the first time i thought romney had him back on his heels of a lot. the second time through, i r

him the 10% president. that is what he spiax responsibility for the deficit and libya is still raising more questions for the white house. it could have been stopped? >> paul: welcome to the journal editorial report. i'm paul gigot. you'll eyes were on ohio this week as they both hit the buckeye state hard. hoping to put 18 electoral votes in their col >> paul: politics poll real lot of attention to polls because it depends on what they take and the sample. these guys have been in ohio and they should start paying income tax. this thing is as close can be they both wouldn't be here. i expect this to go down to the wire. we are always a swing state. it will be very close. >> paul: so the democrats are saying one of big things that is helping the spent the auto bailout. is that how you lead to to help the president? >> look, we're up 123,000 jobs over the last year and three-quarters. we're actually according to the bureau of labor statistics down 500 jobs, auto jobs in ohio. the situation. chrysler has expanded and ford and gm have shrunk their footprint but we stabilizing. auto industr

to say. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the biggest deficit in american history? >> it wasn't the biggest and he didn't inherit it. world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. >> february 2009 that preside

president four years. you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them back in the game, it turns around the

the deficit or stick it to the middle class. that's the math. we can't afford to go down that road again. we can't afford to gut our investments in education or clean energy or research and technology. we can't afford to roll back regulations on wall street. or on big oil companies or insurance companies. we cannot afford to double down with the same top-down economic policy that is got us into this mess. that is not a plan to create jobs. that is not a plan to grow the economy. that is not changed. that is a relapse. we don't want to go back there. it didn't work, and we are not going back. we are going forward. i've got a different view about how we create jobs and prosperity. this government doesn't succeed when we only see the rich getting richer. we succeed when the middle class gets bigger. we grow our economy not from the top down, but from the middle out. we don't believe that anybody is entitled to success in this country, but we do believe in something called opportunity. we believe in a country where hard work pays off and where responsibilities were awarded and everybody is getti

to handle the economy, mr. romney leads by three. on the deficit, mr. romney leads by nine. on all of these issues, that's the one on which he has the strongest trust from voters as compared with president obama. and that confidence in mr. romney on the deficit turns up not just in the nbc/"wall street journal" poll, but in a lot of national polls. even though he hasn't given a lot of details as to how he would handle the deficit as an issue. the bottom line, there's no question as to who you would rather be here, right? you would rather be president obama than mitt romney looking at these numbers. that plus 19 advantage that the president has on looking out for the middle class, that is a death nail for mr. romney's campaign if he cannot turn that around. but i think looking ahead to tonight's debate, there is a real opportunity in the huge disconnect in the electorate, in a way that reflects a real risk for president obama. there's this huge disconnect between mr. obama's best number with voters and one of his worst numbers. which is that president obama has so far not been able

losses, bigger unemployment and bigger deficits and more wars than president obama, was, by the failed policies of george w. bush. which resulted in directly, the greatest job losses since fdr. this is not easy and it is hard work but we are moving forward. >> let's talk about policies. we didn't hear in the hour and 25 minutes of debate anything about the stimulus package. if you look at the policy the trickle-down government policy as the governor described it, they represented below 6% unemployment now, after spending all of that money and had full charge of the first two years and the policies that this president put into place, actually made it worse. including the fact that obamacare is actually... employers, it is causing them not to hire and gas prices doubled and the middle class is buried under this administration and the vice president said it aptly and it is true. >> chris: let's turn to a couple of issues that came up in the debate. obviously the jobs report came out after the debate. both sides said the other candidate is lying about his position and let's start with taxe

deficit and a balanced way that allows us to make these critical investments. now, ultimately it will be up to the voters, to you, which path we should take. are we going to double down on the top-down economic policy that helped to get us into this mess cliques or do we embrace a new economic patriotism that says america does best when the middle classed as fast. i am looking forward to having that debate. >> moderator: governor romney, two minutes. romney: thank you, jim. i am pleased to be at the university of denver and i appreciate their welcome and also the presidential commission on these debates. congratulations to you, mr. president on your anniversary. i'm sure this is the most romantic place you can imagine here with me. [laughter] congratulations. this is obviously a very tender topic. identification of the last couple years many people across the country. i was in dayton, ohio, and a woman grabbed my hand and said she'd been out of work since may. can you help me? yesterday was a rally in denver and a woman came up to her with a baby in her arms and said my husban

that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of work and the proof one out of

as we wind down two wars to rebuild america, and that we reduce our deficit in a way that makes us ablet -- that makes it able for us to create critical investments. it is up to you. are we going to go from the top down, which is what got us into this mess, or do we embrace the new economic patriotism that says america does best when the middle class does best? i'm looking forward to having that debate. >> governor romney. >> thank you, jim. i appreciate the chance to be with the president. appreciate the university of denver and their welcome. congratulations to you, mr. president, on your anniversary. i am sure this is the most dramatic place you could imagine, here with me. so congratulations. [laughter] this is a tender topic. i have had the occasion over the last several years meeting people across the country. i was in ohio and a woman grabbed my arm, and she said, i have been out of work since may. can you help me? yesterday was a rally in denver. a woman came up to my wife with a baby in her arms and said, my husband has had four part-time jobs in three years. we have just lost o

bigger unemployment, bigger deficits, more wars than president obama was by the failed policies of george w. bush which resulted in directly the greatest job losses since fdr. h is hot easy. in is hard -- this is not easy. this is hard work. >> we didn't hear in an hour and 20 minutes of debate anything about the stimulus package because if you look at the policy the trickle down government policy as the governor described it, they represented we would be below 6% unemployment now after spending all that money. the policies that this president put into place is actually made it worse including the fact that obama care is causing small employers not to hire because of rising healthcare costs. gas prices have doubled. the middle class is being buried under this administration. the vice president said it aptly and it is true. >> chris: let's turn to a couple of issues that came up during the debate. obviously the jobs report came out after the debeat. both sides saying that the other candidate is lying about h his position and let's start with taxes. governor, the president keeps saying that

on deficit reduction requiring the wealthy to pay more and more cutting in the federal government. >> you have 90 seconds. >> again, shame on you. you thought this campaign is going to be a coronation because you're a democrat and now you are in a serious race with a serious woman and you are desperate. therefore you raise these issues. my plan sites every word that i used from the brightest in the best to but my plan together. you would be better served to be putting a plan together. you need to be honest with the people of connecticut. you need to be honest about your special interest loans. to be honest about your attendance in washington. shame on you for taking this direction with this campaign. it is beneath you. and the people of connecticut deserve better. in my plan, i have referenced a tax cut for the middle class. my plan, if you take a look at it, absolutely keeps taxes the same across the board accept we're going to cut taxes for the middle class. my plan is the only one that has an actual middle-class tax cut. congressman murphy has voted to raise taxes on the middle class o

surveillance, we assessed on the basis of the numbers that were given to us, as well as the forecast of deficit consolidation expected. we did say at the time that the timing seemed too short to us. and you would say that this is being heard? >> yes. >> i guess this is sort of a follow-up question from the previous. >> i see the you are taking notes. >> yes. you mentioned in your remarks that there should be less focused on target, rather more on implemented will measures. -- implementable measures. you said there was a specific target for march that was looming large in that debate. you did mention that, the role of that analysis. but this the emphasis of the target -- deemphasizing of the target, should that be interpreted as the next being less relevant for the continuing fund intervention? if so, does that mean that the long-term target is going to be achieved by the direct restructuring of the junior officials said to participate? and that this can be achieved in a state that may be more politically opportune? such that it does not have to basically be settled by later this month or in oct

. >> the president said we cut the deficit in half. unfortunately he doubled it. >> jon: 1.2 trillion when he took office t is 1.1 trillion now. mr. president are you just going throat him roll you. >> mr. president, two minutes. >> when i walked in the oval office i had more than a trillion dollar deficit greeting me. and we know where it came from. yes, when to take some initial emergency measures to make sure we didn't slip into a great depression. let's make sure we are cutting out those things that are not helping us grow. 18 programs are-- medical fraud in medicare, cut a trillion dollars out of our discretionary domestic budget. the specifically specific $4 trillion deficit reduction plan t is on the web site. you can look at all the numbers. let me just finish this point because are you looking for contrast. >> way over two minutes. >> sorry (laughter) >> jon: you went over your time? and you somehow managed in all that overtime to not turn and look your opponent in the lie and just mention what he said was untrue? not even a quick sneeze before your answer, no need to be coy, let me see i

-income individuals to avoid either raising the deficit or burdening the middle class. it's math. >> i'm not in favor of a $5 trillion tax cut. my plan is not to put in place any tax cut that will add to the deficit. gwen: and will today's improved jobs numbers change the political landscape again? debating, peter baker of "the new york times," dan balz of the "washington post." jeanne cummings of block berg news, and john dickerson of slate magazine and cbs news. >> award winning reporting and analysis, covering history as it happens. live in our nation's capital, this is "washington week" with gwen ifill, produced in association with "national journal." corporate funding for "washington week" is provided by -- ♪ >> wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> we know why we're here. to connect our forces to what they need when they need it. >> to help troops see danger before it sees them. >> to answer the call of the brave and bring them safely home. >> around the globe, the people of boeing are working together to support and protect

governor romney's pledge of not reducing the deficit, or not adding to the deficit, is by burdening middle-class families, now that's -- not my analysis. >> the president has a view very similar to the view he had when he ran four years ago, a bigger government, spending more, taxing more, regulating more, if you will, trickle down government would work. that's not the right answer for america. >> romney kept attacking o mode instructions. obama some times had trouble getting a word in. many u.s. media analysts say romney had a belttter performan. the candidates have two more debates they have five weeks to win over undecided voters. turkish forces have fired artillery shells across the border into syria. they're retaliating for syrian mortars that landed in southern turkey. it killed five people including a woman and her three children. the mortar landed in the turkish town of akcakale. they have warned of prompt action if their security was threatened again. turkey has provided support for the opposition free syrian army and the turkish military has been building up tanks. turkey has pro

or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still have a trillions of dollars hole, and he hasn't named the deductions he would close. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the president understands-- you know, the president is his harshest critic, and without getting into detail, i think you can assume he has reviewed the tape and it will inform how he handles these subsequent debates. >> schieffer: do you think he was ill prepared. some are saying it was the people who prepared him. you were in the room. >> i was one of th

the deficit or burdening the middle class. it's math. it's arithmetic. >> you heard that line from the president a couple times about math. post game reaction over the spin alley behind you. david axel dgs rod said romney is a good debateor but it's not a game changer z saying if this was a game the ref would have called it. there you have it. both sides weighing in on what you're going see. >> just to give you a shot of what we're seeing this is david axel rod. if we take this camera, you can see they're gathered around and he's talking about the debate. and is saying it's not a game changer. clearly the obama campaign, you know, were trying to spin their way on this one. and it's interesting night, and governor romney clearly had a good night by all accounts. even the obama folks and we'll see where it goes from here. >> and you'll be able to tell by who breaks a sweat behind you. >> that is right. and that is it for us here live in denver. and first, it's just the first. there are many more still to come. >> vice presidential debate coming up thursday, thanks for watching. >> we

in this election this year is obviously the deficit. everyone has talked about the deficit. let's play with both of these candidates tonight had to say about what they would do as president when it comes to the nation's deficit and debt. >> you have been president four years. you said you would cut the deficit in half. we still have trillion dollar deficits. each of the next four years. if you are reelected, we'll get to a trillion dollar debt. >> if we are asking for no revenue, we have to get rid of a whole bunch of stuff and the magnitude of tax cuts would end up resulting in severe hardship for people. more importantly, would not help us grow. >> george ray ray reynalds. what was being missed here? >> sounds good. we've heard it before and it hasn't been happening. that's really it in a nutshell. a lot of good ideas. i really would pick and choose. romney has the means for cutting expenses. that's a good idea. although they both seemed a little unclear at times as to what the difference was between the deficit and the debt. we got the tax part of the equation. obama sited earlier when

's not possible to come up with enough loopholes for individuals to avoid raising the deficit or burdening the middle class. >> there will be no tax cut that adds to the deficit. >> i will take ideas from anybody, democrat or republican as long as they are advancing the cause of making middle class families stronger and giving opportunities to middle class. >> i have got five boys. i'm used to people saying something that not always true but repeating it hoping i will believe it. i will not reduce the taxes paid by high income americans. >> we do better when the middle class is doing well. by giving them those tax cuts they have more money in their pocket so maybe they can buy a new car. >> under the president's tax policies middle americans have been buried. they have been crushed. martha: joe biden had a bit of a gaffe using that same line and mitt romney put it back at him last night. candidates will barely have time to catch their breath. they get back on the campaign trail today. the president will be in colorado and wisconsin. the romney camp moves along to the swing state of virgini

for a $5 trillion tax cut. what i said is i won't put in place a tax cut that adds to the deficit. >> their first debate, contentio contentious. >> for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> virtually everything he said about my tax plan sin accurate. look, i have five boys. i'm use the to people saying something that is notays ultimately hoping i'll believe it. >> the question this morning, did either candidate do enough to make believers out of america's undecided voters? >>> it is the day after. good morning and welcome to "early start," everybody. >>> it's 5:00 a.m. in the east. first, round one. it is now in the books. mitt romney has something to celebrate. in a cnn poll, 67% said romney won the first presidential debate. 25% think president obama was the victor. >> there were no real knockout punches thrown last night, more like a series of glancing blows with romney the aggressor on taxes, jobs, health care. putting the president really on the defensive. we're lucky to be j

into effect in january. lawmakers must also lay the groundwork on a basic plan to reduce the federal deficit. the group will begin work on the plan following november's election and have until january to agree on a deal. senators could face some road blocks along the way. senate democrats say they do not agree with extending bush-era tax cuts, while republicans oppose raising tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400 millionaires were paid unemployment in 2009. add to that another 954,000 households earning more than $100,000 also taking home unemployment benefits. the numbers include people who were hired for higher-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it was attached to another bill which is yet to pass in the senate. a bailout for spain is "not imminent." that's according to the country's prime minister, who told reporters yesterday that plans to request a bailout are not set in

mostly to the moderator, jim lehrer of pbs. >> we still have trillion dollar deficits. the cbo says we'll have a trillion dollar deficit each of the next four years. >> reporter: these two men, they are virtually strangers to each other personally. they've only met in person three times before tonight. most recently, in passing, on a debate stage in new hampshire way back in 2008, when republicans followed democrats in debate three days before the primaries. and there was this brief encounter on the campaign trail in 2007. >> good luck to you today. >> reporter: and while they have both reached the pinnacle of party politics, they are so different. their talents and their paths to power and their debate styles. so much at stake on that stage tonight. this showdown comes at what might be the critical moment in this campaign. a hinge of political history. polls show the race tightening, just 34 days left in this campaign. and you can already sense in the crowds the special energy of the home stretch. but tonight, surprisingly, and in contrast to the daily scrap on the trail, no zingers,

are going to benefit too much from them? no. >> the sharpest exchanges over taxes and deficits. >> he is saying that he is going to pay for by closing loopholes and deductions. the problem that is he's been asked over a hundred times how you would close those deductions and loopholes, and he hasn't been able to identify them. >> everything he said by b. my tax plan is inaccurate. if the tack plan he described was a tax plan i was asked to support i would say absolutely not. i'm not looking for $5 trillion tax cut. i won't put in place a tax cut that adds to the deficit. >> 18 months he's been run on this tax plan, now five weeks before the election, he's saying that his big, bold idea is never mind. >> let me repeat what i said. i'm not in favor of $5 trillion tax cut, that's not my plan. the two men even disagreed over whose turn it was to speak. >> jim -- the president began this segment so i think i get the last word. so i -- >> you get the first word in the next segment. >> but he gets the first word of the segment and i get the last word. let me make the comment. >> let's get bac

he was asked what he to cut thelly do deficit, and reduce spending, he said he would eliminate funding for public television. k goodness someone is on big getting tough bird. the sarcastic mocking, part of a 1-2 punch. >> there is. >> democrats admit they could more last night. today, i'll least a slight momentum shift. going toent obama is prop extensively. on the next debate, a town hall format. >> mitt romney is riding high. even made a surprise stop at conservative political action conference. his big night seems to be paying off. his press secretary -- much of that money is going to be spent right here in virginia. we are looking forward to the debate, it is a week from tonight. people expect plenty of fireworks. battleground virginia is getting a lot of attention. it starts tonight with mitt romney and paul ryan. mitt romney will hold a rally tomorrow. the president will be in vienna, va. tomorrow. monday, governor romney is back with a speech in lexington, virginia. our coverage of the day after nhe debate continues o wjla.com. we have local reaction. what you thought as

the deficit. >> of mitt romney will bring down the hammer on sesame street. >> republicans insisting it is time to tighten our fiscal belt if we are serious about the recovery based on what they call a more realistic math. new numbers is coming in now we see a mitt romney is up one. in virginia -- one point in virginia. that is a significant shift. >> thank you. on monday, at mitt romney will be back in virginia giving a speech in lexington. on tuesday, michelle obama will be in loudoun county. >> the president's campaign fund-raising hit a record high. sources say he raised close to $150 million in september more than any previous month and in the campaign this election cycle. mitt romney has yet to report his september numbers. he raised $112 million in august. >> and change is coming for the weather. it looks like this season's are going to change in terms of the temperatures. after it temperatures in the 70's and 80's, we are headed into fall weather. >> here in the belfort to furniture weather center, we're going to go from summer time to the first taste of winter weather. look

. >> another hot topic, the deficit. >> it's now four years later, we still have trillion dollar defici deficits. >> $2.50 for every cut, we ask for a dollar of additional revenue paid for as i indicated earlier by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> there were also some notable exchanges about jobs, health care, energy industry subsidies and regulation, all of these things got deeper than some people had been expecting. we'll talk about those topics with john harwood. but if you were watching, as they headed in a 70% -- >> down from 80 the day before. >> right now it's down to about 66% in trade obviously suggesting romney got a big boost. >> mini flash crash. >> among our political guests this morning ready to talk about the road to election today, arianna huffington will be our guest host. huffington "post" obviously has a left bent, but it was declaring romney won the debate. ken duberstein will join us, as well. >> i was reading some of your tweets last night, john, and i liked your tweet. i tell you w

this country forward and he did that tonight. and i think he scored point on balanced deficit reduction plan and how he would do it. holding wall street accountable and how he would do it. health reform plan, and i think that mitt romney, yes, he absolutely wins the preparation. he wins the style points. that's not what is dogging his campaign. what is dogging his campaign, the policies he doubled down on tonight. let's talk about the tax cuts. he signalled over the last couple of days, details about how they would pay for it they didn't put out details, they backed away from it. they are not being honest with the american people. you know what's worse? he got testy about it, being on defense and i think that came across to the american people. >> the president seemed to get testy at one point when he was interrupted by jim lehrer. will the president do more debate prep before the next debate, prepare differently. do you think he didn't take this seriously enough? >> we feel good about the president's performance here tonight. he wasn't speaking to the people in the room, the pundit class, b

, the problem of running deficits and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been docto

, which deductions would you eliminate, let's be specific and how will you do that and reach deficit reduction, which programs will be cut? >> the question is, how do you get america back to work. what paul ryan said on your clip is, you flatten the base and increase -- excuse me, you increase the number -- reduce the number of deductions that are out there and you expand the base. that's typically what works. that can be done in a revenue neutral fashion that's what paul ryan has proposed and what that does is make america more competitive. mitt romney has been specific on how he would get america back to work and replace the failed policies of the president. andrea that's what this is about. the president's policies on job creation haven't gotten us back to work. 8% unemployment for 43 months. i mean what mitt romney said very specifically on job creation, is expanded trade by reducing the barriers, creating a better climate for america by keeping tax and regulatory policies in a better shape, energy. this president has been horrific we just lost 1200 coal jobs in virginia last wee

for that revenue, and if you don't close $4.8 trillion in those loopholes, two things happen, either the deficit goes up, or more likely is the middle class is going to see their taxes go up. >> but he's saying, as you know, robert, he's stating unequivocally that he will not push the tax cuts if they increase the deficit and that he will not push them if they force back increases on the middle class. >> well, then he has -- then he's got no economic theory. then he's walked away from 18 months of what the whole campaign has been about. but, george, we've seen this movie before where people say, oh, don't worry. it's all going to get paid for. it's fine. when you ask him what loopholes will you close specifically for wealthy earners to help pay for the $4.8 trillion in reduced revenue, there's no answer. i mean, let's be clear. paul ryan a week ago was asked about the math for this, and paul ryan, said, look, the math takes too long. well, mitt romney's solution is he just decided there wasn't math involved in this problem, and that's absolutely crazy. look, the only thing he outlined that he wo

a little bit more to reduce the deficit. governor romney earlier mentioned how the bowles-simpson commission. that's a bipartisan commission that talked about how we should move forward suggested we have to do it. in a balanced way with some revenue and some spending cuts. and this is a major difference that governor romney and i have. >> let me finish this point. you're looking for contrasts. when governor romney stood on a stage with other republican candidates for the nomination, and he was asked, would you take $10 of spending cuts for just $1 of revenue, and he said no. >> substantive debate on the major issues facing the country right now. right now, domestic issues, economic issues, health care, taxes, the nation's debt. got into the weeds in some areas, but this was a very, very important debate. anderson cooper watching this with all of our analysts as well. >> fascinating to see both men on the stage for the first time. you saw a difference in terms of temperament in debating style. i want to bring in gloria boerger and david gergen. even president obama's final

of improvements in the polling for government romney. who would better handle the deficit? romney went up 16%. who would handle the economy? romney gained 12 points over president obama. taxes, romney was ahead by nine points. health care, romney was ahead by five points. i would mention, the sampling error is almost five points there. but still, in virtually every single question, it was the governor romney who, among people who saw the debate, they felt that he was now ahead in the polls that flowed. what do you make of those very devastating numbers for the president? >> i think that governor romney is certainly a skilled debater. and last night he was able to elevate his level of performance. but he did not change the fundamental dynamics of this race, nor did he change some of the policies that actually got us into the economic mess that we have. he embraced the president and agreed that, in fact, he does want to turn medicare into a voucher program, and he still skated and danced and tap danced around how it is that he's going to cut tax for millionaires and billionaires without that having

. you're going to have $1 trillion deficit. he said i have not done anything yet. >> we can not keep looking our children in the eye knowing that we're going to give them a diminished future because we're spending their money today. it is a very simple idea. mayor ron and i am going to bring it to washington. we have to stop spending money we do not have. we must cut spending. we must get this balanced budget. we must get this debt under control. >> congressman paul ryan and joe biden will face off in their only debate. martha margaret. you can watch and engage with our live in debate preview starting seven got p.m. eastern filed by the debate at 9:00. your reaction at and 30 p.m. -- at 10:30 p.m. >> c-span's debate website provides life and on demand coverage of all the presidential and vice- presidential debate. is on a place for you will see live coverage before and after the debate. it has each debate question as a separate. what your critics clips as well and read streaming tweets from political reporters. go to c-span.org/debate. >> the house has done better in making its proce

that adds to the deficit. i want to underline that. virtually everything you said about my tax plan is inaccurate. so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody and it's deficit neutral and faye for it by closing unspecified loop moles and dealing with deductions. that is the romney position. it's up to bahama to make romney get specific about it to say okay. it's easy to say you deal with the deductions and it's easy to say it's deficit neutral and let's talk about the specific deductions and talk about the home interest deduction and health care deduction and the charitable giving deduction. these are things that people rely on and things that

either raising the deficit or burdening the middle class. it is math. >> mitt romney challenged obama's assertion that his tax plan would cost the country $five trillion in revenue, the knowledge to cut spending on government programs will drastically increasing funding for the military. in a jab that quickly exploded on twitter car romney told moderator jim lehrer he would cut funds to employer pbs, despite his love for certain sesame street character. >> i am sorry, jim, i'm going to stop the subsidy to pbs. i love big bird. i like you, too, but i am not one keep spending money on things to borrow money from china to pay for. >> we will expand the debate with third-party candidates after the headlines. turkey has launched strikes inside syria after a bomb fired from syrian territory killed five turkish civilians. the victims were a family of five and a village near the syrian border. the turkish deputy prime minister said his government had every right to respond with force. >> there has been in attack and citizens have lost their lives. there is definite response to international l

the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> they're back. the pesky stink bugs. the government said that they have returned in a big quay. many more than last year. you don't have to tell that to the people near linden, virginia. that is where beth parker has paid a visit today. >> stink bug heaven. >> reporter: you can s.w.a.t. them or sweep them. you can't get away. >> there's millions of them. it's the worst thing i have seen in my life. >> reporter: not what he had in mind when he retired and moved to the country. hosted to be closer to nature and nature's too close. >> it's like bug stew. >> can you take some home for dinner if you want. [ laughter ] >> reporter: no, thanks. >> seriously, he would love to get rid of them. their real name is the brown marmarated stink bug and he calls them? >> yucky. terage. >> reporter: he live -- teage. >> reporter: he lives at the top of the mountain. >> everyone here has the same problem. >> and is this the talk of the town? >> yeah. uh-huh. >> and so bad some days he has to change his clothes in th

will cut to bring the deficit down which he promised four years ago. >> andrea: i don't think president obama has a leg to stand on when it comes to entitlements. in the last four years he created a giant new entitlement that will put the onerous taxes on the middle class. i think he has to keep president obama on defense all night. i've talked to a lot of people and they say the entire debate is about romney. romney needs to play to win. while president obama needs to play not to lose. as long as he can keep him on defense, which he can. the facts are on romney's side. i talked to a senior advisor and just saw the candidate, he is calm and in great spirits ready to go. >> bob: that is what they always say before debates. if you abandon your own vice president medicare proposals? >> dana: they answered that. >> bob: how so? >> andrea: i don't think he will let himself get trapped in the details, bob. he will take it to the president. the facts are on his side. all he has to do is bring up the promises that president obama made. all the promises that he hasn't kept. boston you want to be

the deficit. one is to raise taxes. no. two is to cut spending. number three is to grow the economy. if more people work, they are paying taxes and you can get the job done that way. the president would prefer raising taxes. the problem is that it slows down the rate of growth. you can never quite get the job done. i want to lower spending and encourage economic growth at the same time. what would i come from spending? i would eliminate all programs by this test if they do not pass it. is is so critical it is worth borrowing money from china to pay for? if not, i would cut it. obamacare is on my list. i use that term with all respect. >> i love it. >> i will stop subsidies to pbs. i will not keep spending money on things to borrow money to pay for it. i will take programs that are currently good programs, but if you run more efficiently at the state level. number three, i will make government more efficient and cut back the number of employees. i will combine some agencies and departments. cutbacks will be done through attrition. this is the approach we need to take to balance the budget. th

cannot pay for his $5 trillion tax plan without blowing up the deficit or sticking it to the middle class. we can't afford to go down that road again. we can't afford another round of budget busting tax cuts for the wealthy. we can't afford to gut our stmes in education or n energy or research or technology. we can't afford to roll back regulations on wall street banks or oil companies or insuran comp we can't afford doubl down on the same topdown economic policies that t u intothis mess. that is not a jobs plan. it's not a plan for our ecomy. it's not a plan to strengthened middle cls. it is not change. it is a relapse. and we're not going to do it. we haveeen th we have tried that. we are not going back. moving forward. beuse i' got a different view. we have a different view about how to .[createbs and prosperi. this country doesn't succeed when only the rich get richer. we succeed when everybody has a shot, when the middle classs getting biggerwhen there are ladders of opportunity into the middle class. our economy does not grow from the top down, it grows from the middle out. that's

dollar tax hike, he sounds like a good i de. 1.1 trillion deficit today. that all sounds like trickle down government, keith. big tax hikes and big deficits. >> joe biden was talking about letting the bush tax cuts expire for the wealthiest americans. and if you're serious about cutting the deficit, larry, you got to do something about increasing revenue. you conservatives have to make up your mind. do you want to grow the economy or do you want to cut the deficit? you can't do both if you're not willing to raise some revenue. the problem is that mitt romney got on stage on wednesday and he was a totally different mitt romney from the severely conservative mitt romney who has been running for president on the gop ticket for the past few months. and on the issue of taxes, on the issue of preexisting conditions, on the issue of regulations, he reversed himself on stage. and shame on president obama for not challenging him on that and shame on jim lehrer for not pushing him on that. >> the way that you bring in more revenue, and mitt romney said this beautifully, you put more people to w

questions about his negotiations with the republicans on the financial and debt and deficit issues. and he was tuned in. he answered, he gave his side. he gave his defense. the obama -- the other night in this debate -- it was almost like there were two channels going in his mind, one on the debate and answering in the way he did, which just didn't fit together. and then when he was looking down, it's almost like something else was deeply worrying him. now, i don't know that. the point is, you know, why would he be so out of it in clearly one of the most important political moments of his life? >> sean: it is a really good question. i think -- i think he was shocked because mitt romney looked him dead in the eye, was very deep in the facts. i mean, it was just the opposites of john mccain, in the mccain debate, obama was looking mccain in the eye and mccain looking down or out at the crowd. very different in terms of the body language. on substance, romney was very knowledgeable, across the board, every question and was willing to take the president on. i don't think he is used to that? >>

gave him higher marks saying he can bring back our economy, create jobs, solve the deficit problem across the array of economic issues, mitt romney had the upper hand. now he doesn't. what happened? >> the polling suggests the only issue where mitt romney is leading obama is who do you feel more positive about for the future, it is president obama. there are two things going on. the democrats had a very successful convention making the case that it was a much deeper problem that the country faced than anybody knew four years ago. most americans tend to believe that. secondly, president obama has come across as a little more likable on economic issues. when people are asked who would you rather sit next to on an airplane flight for four hours president obama wins by 25 points. >> eliot: go on air force i. >> it is not that big a gap in terms of likability, you're also going to have a strong gap in terms of who do you like in terms of understanding your issues and your pocketbook. >> eliot: let me ask youing the

promises. you know, $5 trillion in cuts but it won't add to the deficit, trust me i'll tell you later. eat cake, lose weight. so i don't think he got the game changer he needed tonight. i do think the president was particularly strong, though, in getting governor romney to admit that he does want to turn medicare into a voucher program and i also believe the president was good in drawing the contrast between the two economic approaches, the two economic plans. governor romney believes that tax cuts for the wealthy grow jobs. most of us understand that those sorts of tax cuts are what grow deficits. they don't grow jobs. and president obama and his opportunity economy, i thought that exchange was lucid. i don't think it was a game changer tonight. the president handled himself with a more dignified reserve. when governor romney was tested, he got kind of testy. and i thought that the president maintained his cool throughout and did well. >> what about the president's cool and the president's dignified reserve as you put it, do you think he's going to have to change that style going forward

trillion tax cut. my plan is not to put in place any tax cut that will add to the deficit. my view is we ought to provide tax relief to people in the middle class but i'm not going to reduce the share of taxes paid by high income people. we have 23 million people out of work. or stop look for work in this country. >> eliot: here's how the obama campaign responded to some of the claims. with an ad released this afternoon that relied on fact checkers. >> mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes but he hasn't said which or how many. so the verdict here the simply incomplete. >> eliot: by the way that 23 million unemployed claim is also incorrect. off by only eight million people. romney also attacked the president on the obama care issue. >> romney: cut $716 million from medicare to pay for it. i want to put the money back in medicare for our seniors. it puts in place an unelected board that's going to tell people ultimat

. but most americans have a problem with deficits, which you've rung up four consecutive trillion dollar deficits. they both have a ltle problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think mitt romney has to do more of that. has he been specific with his plan? he laid five out in the debate, which is more than the president did. that's why independents thought mitt romney did very, very well. >> let me ask you about one of the issues where they differ, medicare. that is a big deal in florida romney says he supports vouchers for medicare, a plan that is not very popular. how does play in florida with all those seniors? >> right now in florida, you've got about 12 million registered vo

trillion national debt we have runaway deficits each and every year. we need to have the people down there and focus in a bipartisan matter. we do not need blood and teeth in the streets. we need people will find solutions. >> in this state, the legacy of senator kennedy is well known. part of that legacy is being able to compromise and work with republicans. can you name republicans in the senate that you are able to work with on big issues that the country faces? >> probably richard would be one that comes to mind. >> not going to be there. >> that is a problem. >> let me ask the question. are there any republicans that will be in the senate that you fill you can work with substantively and compromise with? >> it depends on what the subject matter is. let me give you an example. on the question of fannie and freddie -- fannie mae and freddie mac. the republicans have said across the spectrum that we need to revise fannie and freddie. i think there are wrong. at the that is an issue i think i could work with virtually every republican in the united states senate because it is an imp

supports the bush tax cuts for the wealthy. >> bill: which increased our deficit by over a trillion dollars. >> he supports the ryan budget which would take another trillion dollars of tax cuts. i don't know how you can say those things but i believe the american public know that you can't say that you're opposed to tax cuts and then support them. >> bill: yeah. it was like -- president obama said well, in fact, here's what he does. it is $4 trillion and then another $2 trillion and there's just no way that that is not going to add to the deficit. and romney's response was no, no no! i just said -- i will not have a tax cut that will add to the deficit. so therefore what you just said isn't true. just because mitt romney says it doesn't mean it's not true. but i want to come back -- focuses on education. there was one time where the president made this link to -- from the ryan budget to necessary cuts in education. peter, do we have that clip? >> obama: governor romney indicates he wants to cut taxes and potentiall

that the budget deficit for 2012 is officially $1.1 trillion. the good news is that that is $200 billion less than last year. we are still spending at least a trillion dollars per year more than we take in. this is the fourth straight year of trillion dollar deficits and of course, the national deficit is about $16 trillion. >> what is happening in new orleans? where is your dollar? [applause] it tells me that people in new orleans, they don't care about as much. megyn: that was then presidential candidate barack obama in 2007, suggesting that racism is a relief effort involved for the folks in hurricane katrina. this particular part of his offscreen comments, they got little to no coverage before they were posted on a daily caller.com. the president's deputy campaign manager is calling on the romney campaign to denounce the video, saying that the romney camp needs to stand up and say it was wrong for the daily caller to post the president's comments earlier in the week. take a listen. >> i think that allies to mitt romney are responsible and they should stand up and do the right thing and say tha

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